abrdn plc Has $102.91 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

abrdn plc grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 56.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,359 shares of the Internet television network’s stock after buying an additional 76,644 shares during the period. abrdn plc’s holdings in Netflix were worth $102,906,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Dupree Financial Group LLC bought a new position in shares of Netflix during the fourth quarter worth approximately $215,000. CNB Bank increased its stake in shares of Netflix by 22.6% during the fourth quarter. CNB Bank now owns 1,488 shares of the Internet television network’s stock worth $724,000 after purchasing an additional 274 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Netflix by 67.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 7,519 shares of the Internet television network’s stock worth $3,661,000 after purchasing an additional 3,035 shares during the period. Greenleaf Trust increased its stake in shares of Netflix by 1.9% during the fourth quarter. Greenleaf Trust now owns 9,988 shares of the Internet television network’s stock worth $4,863,000 after purchasing an additional 184 shares during the period. Finally, Naples Money Management LLC bought a new position in Netflix during the 4th quarter worth $4,004,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the sale, the director now owns 431,034 shares in the company, valued at approximately $237,284,217. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the transaction, the director now directly owns 431,034 shares in the company, valued at $237,284,217. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock worth $151,619,811 in the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Netflix Trading Down 9.1 %

NASDAQ NFLX opened at $555.04 on Friday. The business’s 50-day moving average price is $605.65 and its two-hundred day moving average price is $514.02. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The firm has a market capitalization of $240.20 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the prior year, the company earned $2.88 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 17.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NFLX. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Loop Capital lifted their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Redburn Atlantic lifted their price target on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. UBS Group lifted their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Robert W. Baird lifted their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.